Pep Boys CEO Mike Odell Resigns; Names John Sweetwood Interim Chief

Auto parts retailer Pep Boys - Manny, Moe & Jack (PBY) Friday said it's President, Chief executive and Director Mike Odell has resigned. The company named John Sweetwood as interim Chief, effective immediately.

Sweetwood has been on Pep Boys' board since 2002, and is currently the President of Woods Investment, LLC, a private real estate investment firm. Previously, he was the President of the Americas Six Continents Hotels, that operates hotels under the InterContinental, Crown Plaza, Holiday Inn and other brands.

The board plans to consider internal and external candidates for the position of a permanent CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT